Pembina Pipeline Corp. $PBA Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,774 shares of the pipeline company’s stock after buying an additional 307 shares during the period. Farther Finance Advisors LLC’s holdings in Pembina Pipeline were worth $142,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of Pembina Pipeline by 6.2% during the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock worth $1,933,000 after buying an additional 2,834 shares during the period. Goldman Sachs Group Inc. lifted its position in Pembina Pipeline by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after purchasing an additional 3,108,920 shares during the period. Westwood Holdings Group Inc. lifted its position in Pembina Pipeline by 25.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company’s stock valued at $57,196,000 after purchasing an additional 288,003 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Pembina Pipeline by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company’s stock valued at $728,000 after purchasing an additional 1,824 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Pembina Pipeline by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company’s stock valued at $62,839,000 after purchasing an additional 25,265 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 0.6%

Shares of PBA opened at $39.70 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $38.06 and a 200-day simple moving average of $37.87. Pembina Pipeline Corp. has a 1-year low of $34.13 and a 1-year high of $43.44. The stock has a market cap of $23.06 billion, a price-to-earnings ratio of 18.64 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $0.71 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.2%. Pembina Pipeline’s dividend payout ratio is 96.71%.

Analyst Ratings Changes

PBA has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. Jefferies Financial Group downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. Finally, Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Pembina Pipeline Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.